4161 Clairemont Mesa Blvd - Multi-Family FOR SALE


San Diego, CA 92117- Clairemont
$2,495,000 USD
858-761-2529
4161 Clairemont Mesa Blvd, San Diego, CA for Sale
$2,495,000 USD
Multi-Family - FOR SALE
1/23
null | 5.28% Cap Rate

4161 Clairemont Mesa Blvd
San Diego, CA 92117
Clairemont


HIGHLIGHTS

  • Desirable Clairemont location, directly across the street from Clairemont Town Square, proximate to major employment hubs and lifestyle amenities
  • Diverse unit mix consisting of studio, one-bedroom, two-bedroom, and three-bedroom floorplans, appealing to a broad array of tenants.
  • Units feature large rooftop decks and private turfed yards.
  • Market-rate units exempt from AB-1482 rent control measures for rolling 15-year period past completion date.
  • New construction three-bedroom units were completed in 2023 and existing units fully renovated in 2022, offering modernized interiors
  • Highly accessible corridor with excellent visibility and connectivity to I-5, I-805, and other major public transportation routes.

OVERVIEW

We are pleased to present 4161–4163 Clairemont Mesa Boulevard, a boutique five-unit multifamily community located in the highly desirable Clairemont neighborhood of San Diego. This newly constructed and recently renovated property, completed in 2023, offers investors a rare opportunity to acquire a turnkey turnkey asset in one of the city’s most stable and supply-constrained rental corridors. The property features a versatile mix comprised of studio, one-bedroom, two-bedroom, and three- bedroom units. This thoughtful unit composition is designed to appeal to a broad tenant base, from single professionals to small families, enhancing leasing flexibility and long-term occupancy. Each residence has been upgraded with modern finishes and functional layouts that elevate the living experience. Notably, select units feature large rooftop decks and private turfed yards, offering residents rare outdoor space that enhances comfort and lifestyle — an increasingly valuable amenity in today’s rental market. These enhancements, combined with the property’s low-maintenance design, contribute to its appeal as a high-performing income-generating asset. Strategically located along Clairemont Mesa Boulevard, the property enjoys exceptional visibility and accessibility. It sits directly across the street from Clairemont Town Square, a vibrant retail and dining destination that includes national retailers, local restaurants, entertainment venues, and essential services. This walkable convenience significantly boosts tenant satisfaction and retention. In addition to its immediate proximity to shopping and dining, the property is centrally positioned within San Diego, offering quick access to major freeways such as I-805 and SR-163, and placing residents within minutes of key destinations. Downtown San Diego is approximately a 15-minute drive, while Mission Bay and Fiesta Island are just 10 to 12 minutes away, providing easy access to beaches, parks, and recreational activities. The University of San Diego and other major employment hubs are also within close reach, reinforcing the property’s appeal to a diverse tenant demographic. With its recent renovations, balanced unit mix, premium outdoor amenities, and prime location in one of San Diego’s most established neighborhoods, 4161–4163 Clairemont Mesa Boulevard presents a compelling opportunity for investors seeking a well-located, low-maintenance asset with strong rental demand and long-term growth potential.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$632 USD /SF

# OF UNITS

5

PRICE/UNIT

$499,000

CAP RATE

5.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4161 Clairemont Mesa Blvd

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

360-190-18-00

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.